Fortem Technologies, Inc., a Salt Lake City, Utah-based company developing advanced radar systems for unmanned and manned aircraft, announced that it has closed a $15 million Series A funding round led by DCVC (Data Collective) with key participation from Boeing and Mubadala Investment Company, as well as Manifest Growth, New Ground Ventures and founding investor, Signia Venture Partners. Continue reading
Category Archives: Business News
Turkey’s Baykar to Export Armed UAVs to Qatar
Turkish unmanned aircraft producer Baykar Makina signed an agreement on Wednesday to export six armed unmanned aerial vehicles (UAV) to Qatar’s armed forces. Continue reading
Insitu Names Esina Alic President and CEO
Esina Alic has been named Insitu President and Chief Executive Officer, assuming the role effective April 5.
Alic rejoins Insitu from adidas in Germany where she served as senior vice president of Global Operations, Strategy and Programs. Prior to adidas, she held a number of senior executive positions in business, finance and engineering at organizations ranging from start-ups to Fortune 50 companies. Continue reading
Airspace Systems Raises $20M Series A Funding for Anti-Drone Technologies
Airspace Systems has built what it calls “kinetic capture” technologies, which currently consists of a ground-based system that identifies an offending unmanned aircraft, then launches its own drone to chase it down, fire a tethered net at it and carry it away. Continue reading
AeroVironment Gets $44M Puma AE Contract from Middle East
AeroVironment, Inc. has announced that a major country in the Middle East has awarded the company a contract valued at $44.5 million (USD) for Puma II AE small UAS featuring the new Mantis i45 sensor. Continue reading
First European DroneSentinel Order
DroneShield Ltd has announce that ForcePro, one of the Company’s European distributors, has placed an order for the Company’s DroneSentinel product, as well as two DroneGun units. Continue reading
NATS and Altitude Angel Partner on UTM in UK
NATS, a UK air traffic services provider, and fast-growing UK-based drone traffic management solutions company Altitude Angel, have entered a strategic partnership that lays the foundation for a future whereby drones and manned aircraft could safely co-exist in the UK’s busy skies. Continue reading
Lockheed Martin Gets $150M Integrated High Energy Laser Weapon Systems US Navy Contract
The U.S. Navy awarded Lockheed Martin a $150 million contract, with options worth up to $942.8 million, for the development, manufacture and delivery of two high power laser weapon systems, including intelligence, surveillance and reconnaissance (ISR) and counter-Unmanned Aerial System (counter-UAS) capabilities, by fiscal year 2020. Continue reading





